ORLEN Lietuva has signed the agreement for sales of high sulfur fuel oil with MAERSK A/S

Polski Koncern Naftowy ORLEN S.A. (“PKN ORLEN”) announces that on 10 February 2012 AB ORLEN Lietuva (“ORLEN Lietuva”) signed one-year agreement with MAERSK A/S. On the base of the agreement ORLEN Lietuva will sell high sulfur fuel oil to MAERSK A/S in the period between 1 January 2012 and 31 December 2012. The estimated net value of the agreement amounts to USD 1 141 m (i.e. approximately PLN 3 617 m, based on the average PLN/USD exchange rate as of 10 February 2012, as stated by the National Bank of Poland).

The total value of agreements signed between PKN ORLEN, its subsidiaries and MAERSK A/S in the period between 9 February 2011 and 10 February 2012 amounts to approximately PLN 3 619 m.

In accordance with the “Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information to be published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state” the abovementioned agreements constitute a “significant agreement” due to the fact that its total value exceeds 10% of PKN ORLEN’s equity.

PKN ORLEN owns 100% shares in ORLEN Lietuva.